BNP Paribas wealth CEO: More M&A not in the cards right now
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BNP Paribas Wealth Management's boss says buying HSBC's German private bank was 'a very important move', but more deals aren't a priorityPhoto: Antoine Doyen
BNP Paribas is taking a hiatus from M&A after scooping up two major businesses for its wealth franchise, according to its chief executive Vincent Lecomte.
The French lender inked two mega-deals last year in its investment and protection services division, which spans wealth and asset management.
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